Real Estate News
- Developer David Gallo of Georgica Green Ventures today unveiled his plans for a 118-unit apartment building with ground-floor shops and restaurants on McDermott Avenue in downtown Riverhead.
Retail on Route 58 continues to grow, as planners consider nearly 200,000 sq. ft. of new construction in two developmentsThe town planning board at its meeting tomorrow afternoon is set to approve a preliminary site plan for a 60,000-square-foot retail shopping center just west of Osborn Avenue and will have its first look at five more stores comprising 120,000 square feet on the Costco site.
Riverhead officials announce ‘tentative’ $45.6 million deal to sell its remaining 634 acres at former Grumman siteThe terms of the sale, which will close in stages over 18 months, include a nonrefundable $1 million down payment. The developer plans to build an industrial office park
Town will choose next week between two suitors for 600 acres at Calverton Enterprise Park, supervisor saysAfter five-and-a-half years and more than $600,000, Riverhead Town is at last in the home stretch of a long, difficult and sometimes contentious process of subdividing, zoning and marketing the remaining land it owns at the former Grumman plant in Calverton.
- Georgica Green Ventures has signed a contract to buy the property south of the former Dinosaur Walk Museum along McDermott Avenue, expanding its development to include 130 rental apartments and a riverfront restaurant.
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